Loading ...BOOOOORING !
The stock markets are Boring …have been for a Long Time
I am so glad I decided to quit trading. It’s just busy work at this point IMHO
A little up…a little down…a little this a little that…breakout , nope false breakout …change the lines…watch out for this pattern or that one…
ITS ALL BULLSHIT
I am sure it’s ALL AI driven..and those who program the AI are the winners ….every time
I have been trading one way or another for about 35 years now…some big wins and some big losses and a whole lot of small losses…net net I lost …more than I care to know !
BUT…It’s an Adiction …especially PM Miners…Not easy to quit ..but I finally did
Good luck to you all who are still hopeful of scoring big ….I hope you do …and maybe you will..
Great timing FGC. I was just about to post a request to you or anyone else who likes to post charts with major trendlines. Take a look at the one year S&P 500 chart. It looks like it is just about ready to break the one year uptrend line from last October’s low. Watchout below if it does.
I don’t play the day to day stuff. But my tools are sharp enough that I can if I want to do that.
Mostly I do other things, but have some good filters that tell me when to start paying attention and when not to bother.
Then, when the fat pitches do come in, I swing for the fences for a time.
My hunch (waiting on confirmation) is that we sag here for a few weeks until a federal budget is negotiated EOM, then one more (SPX) rally into year end.
2024 could get interesting though. High stakes.
https://d1-invdn-com.investing.com/content/2152785d42b0426ae36725b05d6f07f0.png
fairly widely shared POV about here. TWT.
I hear you Fully. The market feels range bound sometimes. We have gotten so used to dramatic moves that when it normalizes a bit and progress is incremental it feels like watching paint dry. But if you try trading futures and get down to lower time frames you will see there is still 40 to 50 points of moves in the S&P almost every day. So there is certainly opportunity if you are handy locating the reversals and don’t mind short time frames. What you might prefer is those big trending directional bets that allow you to just sit back and collect. Sadly its not to be recently although had you bought an index you would have seen the S&P move up 1000 points in the last 12 months which is pretty damn good as its better than a 20% gain.